One of the most common items new note brokers run into is they start seeing the “For Sale By Owner” or FSBO signs pop up around them. Granted, those signs have always been popping up, but now that you are in the note business you begin to see some additional opportunities. But are they good opportunities? The existence of a “For Sale By Owner” sign does not necessarily … [Read more...] about Is For Sale By Owner The Best Place to Find Notes?
Note Brokers
Do Some Investors Pay Par Pricing When Buying Mortgage Notes?
Recently we received a question in the Finding Cash Flow Notes training course related to “par pricing” or "discount" when buying mortgage notes. First off, here is the Note Broker Question… Hello and thank you two for all your help. My question is why would a note investor pay par for a note? I’ve been speaking with a person who helps their clients use OWC (Owner Will … [Read more...] about Do Some Investors Pay Par Pricing When Buying Mortgage Notes?
Evaluate a Cash Flow Note In 60 Seconds or Less
Ever feel like you spend too much time determining if you have a viable seller financed cash flow note to either broker or keep for yourself? Not me. I tend to look over a real estate note and make a pretty rapid decision. So, how do I do it? First off, I tend to go for the big stuff first. You know, 30,000 foot level. It is easy to get caught up in the details that … [Read more...] about Evaluate a Cash Flow Note In 60 Seconds or Less
Finding Notes: An Interview With Mike Wood of NoteDocs
Want to find seller carryback notes? Check out this interview with Mike Wood of NoteDocs, a company specializing in providing private mortgage note holder leads to note brokers. What is the current focus of NoteDocs? Mike Wood: The current focus of NoteDocs is to offer two services to note brokers in the cash flow notes industry. First we strive to offer noteholder lead data … [Read more...] about Finding Notes: An Interview With Mike Wood of NoteDocs
Five Tips To Keep Your Note Business Professional
Certainly the most popular question among note brokers (experienced and otherwise) is, “How can I find more notes?” What many people don’t ask is, “How can I have a professional note business?” The reason I think this is important is that one can impact the other. Keep you business professional and, surprisingly enough, some deals will actually find you. So, how do you … [Read more...] about Five Tips To Keep Your Note Business Professional